Prescott Group Inc., along with an institutional investor, has acquired an office building at 316 W. 12th St. in Austin and plans an $11 million redevelopment of the property. The building is located on one acre and is within walking distance of the State Capitol, The University of Texas, Dell Medical School and Austin’s Downtown Entertainment District. …Read Entire Post

Joe Llamas had his eye on a small parcel just south of Lady Bird Lake. Llamas, who is president of Generational Commercial Properties, is seeing his vision turn to reality, after pursuing the property over a four-year span of time. In late June, he anticipates groundbreaking for a new 90,500-square- foot, five-story office building, 801 Barton Springs. Plans within the development also call for a 1,800-square- foot restaurant on the first floor of the building.

The aptly named development is at 801 Barton Springs Road, near the Palmer Events Center and situated between Congress Avenue and Lamar Boulevard. The property affords unique views of Lady Bird Lake and the Downtown Austin skyline, both of which Llamas said he plans on touting as marketing efforts pick up steam. …Read Entire Post

Amber Oaks has added two new buildings: an addition of 150,000 square feet to the already existing 10-building office park located at the southwest corner of RR 620 and Parmer Lane in northwest Austin. The new buildings H and I have 100,000 square feet 50,000 square feet respectively, with a parking ratio of 5:1,000. This new addition was completed last September and no leases have been signed for space in the new buildings.

Amber Oaks is conveniently located next to Lifetime Fitness, a 120,000 square feet fitness center with various playing courts, a rock-climbing wall, pool and state-of-the-art equipment. There are 40 restaurants within two miles of Amber Oaks, and developers are adding three retail pad sites.

Airport Commerce Park –Austin Developers recently completed this 44.32-acre business park, located at the northwest corner of U. S. Highways 71 East and 183 South, on the north side of Airport Commerce Drive. Six buildings, ranging from 43,600 to 69,000 square feet and totaling 327,809 square feet, complete the first phase of the business park. Currently, 278,000 square feet are available. Each 40′ x 30′ building will have a clear height of 24′ and a 120′ bay depth. Developers have the ability to provide a parking ratio of 4:1,000.

MetCenter is a progressive corporate park and an innovative offering for Austin commercial real estate. Located at the intersection of Highways 71 & 183, MetCenter is in close proximity to Austin Bergstrom International Airport, which provides tenants with easy routes to all parts of Austin and Central Texas. Currently, existing buildings are at full capacity. However, there are 350 build-to-suit acres available on the 550-acre campus. Notable tenants include General Motors, PPD and Austin-born Heliovolt. Created in 2001, the corporate park provides many amenities for tenants, including on-site hotel accommodations and restaurants, and a retail center that is planned for the near future. For the physically active professional, MetCenter has a basketball/tennis complex, 1.5-mile hike and bike trail and a disc golf course. Additionally, a child-care center is in the works. There is a 4:1,000 parking ratio and two on-site electrical substations provide dual-feed redundant electric service, making the campus perfect for data centers.

Situated in North Austin/South Round Rock, Frontera Crossing sits between I-35, MoPac and SH-45. Each of its four floors is 38,800 square feet with a building total of around 160,000 square feet, 120,000 of which is available for lease. Frontera Crossing offers Class A interior finishes as well as a 5:1,000 parking ratio. Many retail options are available in the immediate area.

Completed in 2007, Research Park Plaza is located one mile south of McNeil and Spicewood Springs at 12541 Research. This new development offers 272,579 square feet sitting on 11 acres, which is great for smaller tenants who have plans for expansion. The location along Highway183 provides several amenities such as nearby housing, a large selection of restaurants and shopping. There are 1,040 parking spaces.

River Place Corporate Park is a seven-building office park just five miles from Lake Travis near the intersection of FM 2222 and RR 620. The entire park sits on 48 acres of Travis County’s most beautiful land and is part of the 1,440-acre master-planned River Place Community. Of River Place Corporate Park’s 600,000 square feet, 237,220 square feet are available across four buildings. The office park is only four miles from Loop 360 and five miles from Highway 183. The parking ratio is 3.97:1,000.

Parkway at Oak Hill is a new, Class A office development on a 22-acre site on Austin’s Southwest Parkway. The location offers easy access to downtown and Austin Bergstrom International Airport as well as views of one of Austin’s greenbelts. There are two buildings totaling 145,789 square feet. Building 1 has 59,376 square feet and Building 2 has 86,412 square feet, all of which are available. Both buildings are fully-sprinklered, and locker rooms and showers are available for both men and women. The 4.3:1,000 parking ratio yields 634 parking spaces, 452 of which are covered.

Located at MoPac and Loop 360, The Park on Barton Creek is a new office complex offering 211,000 square feet split evenly between two five-story buildings. Recently completed, this Class A office space sits on 20 acres, just six miles from the Central Business District and kitty-corner to The Barton Creek Mall across the MoPac/360 interchange. Floors are 21,000 square feet with 42′ bay depths. All parking is structured with a 4:1,000 ratio. A cistern is on site to recycle rainwater.

San Clemente at Davenport is a business park development situated in Davenport Ranch off Highway 360, south of the river. San Clemente is being developed in stages, and its newest offering, 3900 San Clemente, was completed in December. The park area is 49 acres, and there is the possibility of expanding total square footage to 800,000. 3900 San Clemente will be five stories, each of which will have 50,000 square feet of usable space for a total of 250,000 square feet. The parking ratio is 4:1,000, and several amenities are offered within San Clemente at Davenport, such as financial services, day spa and salon, dry cleaning and restaurants.